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Newspaper: Sturgis Rally Traffic Deaths Likely Higher Than Official Count
News – Insurance Journal Aug 14, 2018 | 12:55 pmA newspaper says the total number of traffic fatalities for this year’s Sturgis Motorcycle Rally in South Dakota may be higher than the state’s official count of four. The Rapid City Journal counted at least nine deaths associated with the[…]
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Judge Dismisses Certain Claims in West Virginia Industrial Fire Suit
News – Insurance Journal Aug 14, 2018 | 12:48 pmA federal judge has dismissed part of a lawsuit in connection with an industrial fire in West Virginia. The Parkersburg News and Sentinel reports U.S. District Judge Thomas E. Johnson dismissed most of the claims made in a class action[…]
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Nashville Grapples with Hepatitis A Outbreak
News – Insurance Journal Aug 14, 2018 | 12:44 pmTennessee health officials say at least 74 people have contracted hepatitis A in Nashville since last December. Nashville’s Metro Public Health Department said in a statement on Friday that it continues to work with state and local officials to urge[…]
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In Louisiana, Fewer Homeowners Than Expected Seek Flood Aid
News – Insurance Journal Aug 14, 2018 | 12:37 pmLouisiana expects to spend $649 million on homeowner rebuilding aid after the 2016 floods, only about half the money set aside for the effort. The Advocate reports 44 percent fewer households than anticipated are expected to access recovery money allocated[…]
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MJ Insurance Relocates Indiana Office, Unveils New Logo
News – Insurance Journal Aug 14, 2018 | 12:34 pmPrivately held independent insurance agency, MJ Insurance, has relocated its Indianapolis headquarters to 30,000 square feet at 571 Monon Blvd., located in the newly-expanded Midtown District of Carmel, Indiana. MJ Insurance has also unveiled a complete rebrand with a new[…]
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Nearly Year After Harvey, Recovery Continues in South Texas Town
News – Insurance Journal Aug 14, 2018 | 12:30 pmArmonie Brown in Refugio, Texas, pauses for a second when asked about Hurricane Harvey. The Corpus Christi Caller-Times reports Brown saw friends and teammates lose their homes and all their belongings, while the school he went to was heavily damaged[…]
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Journeay to Lead Austin Insurance Professionals for Coming Year
News – Insurance Journal Aug 14, 2018 | 12:22 pmThe Austin (Texas) Association of Insurance Professionals (AAIP) has elected Danny Journeay with Specialty Insurance Managers Inc. as president of the group for 2018/19. AAIP, which celebrates its 75th anniversary in 2018, installed new officers and directors at an installation[…]
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Burns & Wilcox Names O’Donnell Associate Managing Director in Minneapolis
News – Insurance Journal Aug 14, 2018 | 12:15 pmWholesale insurance broker and underwriting manager Burns & Wilcox has relocated and expanded its Minneapolis, Minnesota office, and appointed Tom O’Donnell as associate managing director. The office, which focuses heavily on specialty Commercial and Personal insurance, will now be located[…]
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Fires May Make It Harder for Homeowners to Get Insurance in California
News – Insurance Journal Aug 14, 2018 | 12:10 pmCalifornia homeowners may find themselves facing insurance headaches even if their houses weren’t affected by this year’s blazes. The California Department of Insurance had already warned this year that the increasing number and severity of wildfires were making it harder[…]
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Flood Insurance Program Warns Flagstaff About Post-Fire Flooding
News – Insurance Journal Aug 14, 2018 | 12:05 pmThe Federal Emergency Management Agency’s National Flood Insurance Program is telling people in the Flagstaff area affected by a recent fire that they should protect their homes and families from flash flooding caused by summer rains. The agency says that[…]
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To Date, Wildfires Are Burning 3 Times More of California Than in 2017
News – Insurance Journal Aug 14, 2018 | 12:04 pmCalifornia’s wildfires are now burning through land at a pace more than three times faster than last year’s blazes. About 4,200 fires have charred 726,000 acres (294,000 hectares) in the state so far this year, according to figures from the[…]
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Mag 6.4 Earthquake Hits Alaska’s North Slope Region
News – Insurance Journal Aug 14, 2018 | 12:01 pmAlaska’s North Slope was hit Sunday by the most powerful earthquake ever recorded in the region, the state’s seismologist said. At 6:58 a.m. Sunday, the magnitude 6.4 earthquake struck an area 42 miles (67 kilometers) east of Kavik River Camp[…]
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Pennsylvania’s The Beacon Group Announces Senior-Level Promotions
News – Insurance Journal Aug 14, 2018 | 11:51 amThe Beacon Group of Companies, an independent financial services firm, has announced senior-level promotions within its Institutional Retirement Plan Practice. Mark W. Schatzel has been promoted to the role of managing director of retirement plan sales and services. Schatzel will[…]
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Build vs. Buy an Agency: Organic Growth in Rising Interest Rate Environment
News – Insurance Journal Aug 14, 2018 | 11:29 amNow that interest rates are rising again, it’s time to re-examine whether buying an insurance agency is the smart choice for growth or whether building an agency makes more sense. While lots of factors come into play when agents want[…]
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Icahn Halts Bid to Block Cigna’s Takeover of Express Scripts
News – Insurance Journal Aug 14, 2018 | 10:51 amActivist investor Carl Icahn has dropped his fight to block Cigna Corp.’s $54 billion acquisition of Express Scripts Holding Co. after two prominent shareholder advisory firms came out in support of the deal. Institutional Shareholder Services Inc. and Glass Lewis[…]
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Tesla CEO Musk Just Made It Easier for Shareholders to Sue: Viewpoint
News – Insurance Journal Aug 14, 2018 | 09:45 amOn Monday morning, six days after Tesla CEO Elon Musk tweeted that he was thinking about taking the company private at $420 a share, with “funding secured” for the transaction, Tesla published a blog post in which Musk clarified his[…]
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Bus Hits Overpass at Newark Penn Station, Dozens Injured
News – Insurance Journal Aug 14, 2018 | 09:36 amA bus hit an overpass at Newark’s Penn Station, peeling back part of its roof and injuring dozens of passengers. Officials say about 50 people were on the bus, which was headed to New Jersey from Washington, when it hit[…]
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Officials Say Underground Fire at Pennsylvania Glass Plant May Be Spreading
News – Insurance Journal Aug 14, 2018 | 09:05 amOfficials fear that an underground coal refuse fire at the site of a soon-to-be-shuttered glass factory in western Pennsylvania may be spreading. Workers say fire was seen shooting up through the ground behind the Pittsburgh Glass Works plant in East[…]
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XL Catlin Expands M&A Underwriting Team with Khalidi and Jensen
News – Insurance Journal Aug 14, 2018 | 09:00 amXL Catlin insurance operations recently added Naveed Khalidi and Michelle Jensen to its team of Mergers and Acquisitions (M&A) insurance underwriters. Khalidi joins XL Catlin from Allied World Assurance Co., where he most recently held the position of senior underwriter[…]
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Virginia Forms Task Force to Block Worker Misclassification
News – Insurance Journal Aug 14, 2018 | 08:48 amVirginia Governor Ralph Northam has signed an executive order establishing a task force to come up with a plan to prevent worker misclassification and payroll fraud. The state estimates that the misclassification of employees as independent contractors costs Virginia as[…]
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